SOMO Says it is Sole Entity Allowed to Export Iraqi Crude Oil

Photo courtesy of SOMO website
Photo courtesy of SOMO website
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SOMO Says it is Sole Entity Allowed to Export Iraqi Crude Oil

Photo courtesy of SOMO website
Photo courtesy of SOMO website

Oil Marketing Company (SOMO) has announced that it is the sole entity that is legally authorized to export Iraqi crude oil.

“SOMO wishes to clarify to public opinion and those interested in the petroleum matters that SOMO is the sole and exclusive entity that is legally authorized to export Iraqi crude oil and its petroleum products,” it said in a statement on Saturday.

The company affirmed that Iraqi fuel oil product is being exported from the floating tanks exclusively (POLA & EVGENIA I) located at the Iraqi Territorial waters - anchorage area through the southern port.

“However, the announcement of the sale of fuel oil shipments by other parties as Iraqi-origin shipments is illegal, and these parties have to take full legal responsibility to be punished under Iraqi law, as these shipments are smuggled,” said the statement.

SOMO denied announcing the sale of a fuel oil shipment through the northern ports (Turkish territory), pledging to take all legal measures against any party involved in dealing with the shipments.



Saudi Arabia Saves $2.4 Bn from 2,500 Gov’t Reform Projects

Faisal Al-Khamisi announcing the Beem platform at the Digital Government Forum (Asharq Al-Awsat)
Faisal Al-Khamisi announcing the Beem platform at the Digital Government Forum (Asharq Al-Awsat)
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Saudi Arabia Saves $2.4 Bn from 2,500 Gov’t Reform Projects

Faisal Al-Khamisi announcing the Beem platform at the Digital Government Forum (Asharq Al-Awsat)
Faisal Al-Khamisi announcing the Beem platform at the Digital Government Forum (Asharq Al-Awsat)

Saudi Arabia unveiled significant advances in its digital transformation during the fourth edition of the Digital Government Forum 2025 in Riyadh, a high-profile event that brought together more than 400 government entities and 2,000 decision-makers and global and local experts.

The forum, far from being just a discussion platform, highlighted Saudi Arabia’s rapid progress in digital services, with the kingdom ranking first regionally and third globally in the Digital Government Services Maturity Index.

Ahmed Alsuwaiyan, Governor of the Saudi Digital Government Authority (DGA), announced that a review of 2,500 government reform projects had generated savings of $2.4 billion.

The forum also saw the launch of pioneering technological initiatives, including Saudi Arabia’s plan to become the first country to launch a government marketplace for artificial intelligence agents, the rollout of the national business instant messaging platform “Beem,” the launch of the “Smart Court,” and the automation of the civil registry.

These initiatives underscore the kingdom’s accelerating drive toward Vision 2030 targets in expenditure efficiency and digital leadership.

In his opening remarks, Alsuwaiyan said Saudi Arabia held the top spot in the region and third globally in digital government services maturity, reflecting the rapid development of digital infrastructure and the efficiency of technological transformation across government entities.

He added that total savings reached 8.87 billion riyals ($2.4 billion) in the third quarter of 2025, covering more than 2,500 reform projects across over 120 government entities, as part of ongoing efforts to improve financial and administrative performance and spending efficiency.

Alsuwaiyan also noted that small and medium enterprises contributed 9.16 billion riyals, accounting for about 24% of total government procurement in 2024, highlighting the government’s commitment to supporting the private sector and boosting its role in economic development.

Government cloud service adoption rose to 41%, up from 14% in 2021, with total spending exceeding 25 billion riyals across more than 156 government entities by the end of Q3 2025, demonstrating the readiness of digital infrastructure and a shift toward more efficient and secure solutions.

The authority continues to lead government digital transformation efforts according to global best practices, contributing to Vision 2030 goals by enhancing financial sustainability and improving service quality for citizens and beneficiaries, he said.

Government AI Marketplace

Tareq Amin, CEO of Saudi AI company Humain, said Saudi Arabia would become the first country to launch a centralized government marketplace for AI agents. He described the kingdom’s unprecedented technological transformation, positioning AI as an integral part of every government and private sector activity.

AI is the enabling technology that will permeate everything done, whether in government, the private sector, or even at the consumer level, Amin told attendees.

He added that Saudi Arabia had the opportunity to distinguish its services and products globally, noting that Huamain was established to develop massive infrastructure and data centers hosting advanced chips and processors with liquid cooling architecture.

According to Amin, the company plans to build computing capacity of 1.9 gigawatts by 2030, rising to 6 gigawatts by 2034, in strategic partnerships with global firms including Nvidia and Qualcomm. Currently, Humain serves 150 countries through its inference ecosystem at roughly 47% lower cost than major international competitors.

Abdulwahab Al-Baddah, a DGA spokesperson, told Asharq Al-Awsat that Saudi Arabia ranks among the world’s leading countries, securing first place regionally for the third consecutive year in the UN ESCWA index, third globally according to the World Bank, and fourth in the UN e-Government Development Index.

Boosting Productivity and Digital Services

The forum also launched several initiatives, including the Beem business platform, an integrated instant messaging and collaborative work system developed by the Saudi Federation for Cybersecurity, Programming, and Drones in partnership with the DGA.

Beem is a nationally owned platform, developed locally with all data hosted within Saudi Arabia, designed to increase efficiency and productivity in government, corporate, and private sector environments.

It consolidates work tools in a single digital ecosystem, offering instant messaging, high-quality video meetings, file and task management, shared calendars, bilingual support in Arabic and English, advanced team organization tools, local secure cloud storage, and multi-organization account management.

Faisal Al-Khamisi, chairman of the Saudi Federation for Cybersecurity, Programming, and Drones, said Beem represented a strategic step in building national digital solutions to global standards, reflecting local expertise in advanced technology development and enhancing productivity while ensuring compliance with national regulations.

The platform relies on locally compliant infrastructure with secure data management, precise access control, and collaboration tools suitable for office, hybrid, and remote work environments, aligning with Vision 2030 digital transformation objectives.

Smart Court and Civil Registry Automation

The forum also introduced the “Smart Court,” a comprehensive digital system from the Board of Grievances that redesigns litigation processes using a realistic, simplified, and technology-integrated approach, improving service quality and supporting an advanced administrative judiciary.

Additionally, the “Education and Training Situation Room” was launched to analyze evaluation data, turning large datasets into actionable insights for education and training policy, contributing to national development.

The Ministry of Foreign Affairs launched the Unified Embassy Portal, consolidating all Saudi embassies’ websites under a single digital platform with consistent branding and improved user experience.

The civil registry system was also automated through the Absher Individual platform, allowing citizens, residents, and visitors to manage civil records electronically, covering over 61 services, including data updates, birth and death certificates, and marriage and divorce documentation.

Government Website Performance

The DGA announced that the 2025 Government Websites and Digital Content Efficiency Index scored 76.24%, classified as “proficient,” up from 71.40% in 2024, based on assessments of 250 government websites. This improvement reflects growing government commitment to updating content and enhancing digital presence in line with Vision 2030.

Top performers included the Human Resources Development Fund at 92.43%, followed by the Ministry of Human Resources and Social Development at 92.41%, King Khalid University at 92.37%, and Qassim University at 92.31%.

Other notable rankings were the Saudi Water Authority at 92.02%, the Saudi Energy Efficiency Center at 90.71%, the Ministry of Industry and Mineral Resources at 90.02%, the Technical and Vocational Training Corporation at 89.52%, and the Saudi Data and Artificial Intelligence Authority at 89.39%.


Saudi Electronics Market Growth Attracts Global Tech Firms

 An LG employee showcases the company’s latest products (Asharq Al-Awsat)
An LG employee showcases the company’s latest products (Asharq Al-Awsat)
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Saudi Electronics Market Growth Attracts Global Tech Firms

 An LG employee showcases the company’s latest products (Asharq Al-Awsat)
An LG employee showcases the company’s latest products (Asharq Al-Awsat)

Saudi Arabia’s economy is gaining strong momentum as major projects and diversification programs accelerate, making it one of the most attractive markets for global technology and industrial solutions companies in the region.

A report by Mordor Intelligence estimated the Kingdom’s home appliances market at around $4.03 billion in 2024, with projections to reach $4.81 billion by 2029, at a compound annual growth rate of 3.61 %.

The growth is driven by rapid urban expansion, rising demand for new housing, and consumers’ increasing preference for energy-efficient appliances.

Among the international companies strengthening their foothold in the local market is South Korea’s LG Electronics, a leading player in heating, ventilation, air conditioning, and advanced energy solutions.

Saudi Arabia hosts LG’s only Arab factory, one of 11 worldwide, dedicated to producing high-efficiency air conditioners, in partnership with Shaker Group, LG’s exclusive distributor and local manufacturer.

The LG–Shaker plant is regarded as one of the most successful examples of industrial cooperation between global and local companies.

It provides cooling systems tailored to regional conditions, including units designed to withstand sandstorms and high temperatures, in line with Saudi Arabia’s efficiency and sustainability standards.

Partnership with NEOM

During a recent media tour attended by Asharq Al-Awsat, LG revealed that its market share in air dryers has reached 27 %, the highest among competitors.

James Lee, President of LG Electronics Middle East and Africa, told Asharq Al-Awsat that the company continues to maintain a strong position in Saudi Arabia’s home appliances sector, particularly in refrigerators, washing machines, and air conditioners.

He said LG is working to strengthen its consumer segment presence and expand its smart, Internet of Things–based solutions, while also developing offerings for government projects and enterprise clients.

Reflecting its growing focus on high-tech sectors, LG recently signed a tripartite memorandum of understanding with Shaker Group and Data Volt to supply advanced cooling systems for an artificial intelligence data center under development in Oxagon, the industrial hub of the NEOM mega-project. The solutions will utilize the latest thermal management technologies.

Arabic Integration

LG continues to tailor its products to local lifestyles, developing appliances that meet the needs of Saudi families and their culinary traditions, while incorporating Arabic language support into user interfaces and smart applications.

Il Hwan Lee, Head of Home Appliances at LG Electronics Middle East and Africa, said: “After studying the daily routines, cooking habits, and communication styles of Saudi families, we designed products that fit seamlessly into their lives, as an expression of our respect for Saudi culture through innovation.”

He concluded by reaffirming LG’s commitment to expanding its presence in the Saudi market through innovative solutions that support the transition toward smart and sustainable homes, in line with Vision 2030, which places technology and sustainability at the heart of economic development.


Libya's NOC Chief Says 40 Companies Showed Interest in Current Bid Round

General view of the Libyan state National Oil Corporation (NOC) in Tripoli, Libya July 14, 2022. REUTERS/Hazem Ahmed/File Photo
General view of the Libyan state National Oil Corporation (NOC) in Tripoli, Libya July 14, 2022. REUTERS/Hazem Ahmed/File Photo
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Libya's NOC Chief Says 40 Companies Showed Interest in Current Bid Round

General view of the Libyan state National Oil Corporation (NOC) in Tripoli, Libya July 14, 2022. REUTERS/Hazem Ahmed/File Photo
General view of the Libyan state National Oil Corporation (NOC) in Tripoli, Libya July 14, 2022. REUTERS/Hazem Ahmed/File Photo

The head of Libya's National Oil Corporation said on Wednesday that around 40 companies had shown interest in participating in the North African country's current round of bidding for oil exploration rights.

Libya is offering 22 areas for oil exploration and development in its first such bidding round in more than 17 years as it experienced a prolonged period of armed conflict and political turmoil.

"Libya is a very stable country nowadays," Masoud Suleiman told the ADIPEC energy conference in Abu Dhabi.
"Our doors are wide open for investors."

The new bidding round, announced on March 3, comes as Africa's second-largest oil producer, a member of the Organization of the Petroleum Exporting Countries, seeks to raise its oil output.

Also, Suleiman told Reuters on Wednesday that NOC plans to use a loan from the country's central bank to finance its strategy for raising oil output.

"We have a plan for a loan from central bank, and investors will also bring funds," he said.

Libya is considering raising output to 1.6 million barrels per day next year and 1.8 million bpd in 2027 with the longer-term ambition of reaching 2 million bpd in the next five years, Oil Minister Khalifa Abdulsadek said at the ADIPEC energy conference in Abu Dhabi on Tuesday.